Freehold, ok on closer inspection I can see what you are talking about,and I have posted the chart. For non TA's we are talking of the last 8 bars to the right hand side. You can see we have the top of the "triangle" at 0.14c and the hypotenuse is the ascending line of lows. The volumes have dropped at the same time. This IS usually a stong signal of continuation of a trend. MY reading of the chart is, yes there is hint of a triangle. Days 2 to 6 should really approach (indeed touch)closer to the top line (resistance) and the ascending line (support)and "fill" the body of the triangle. Also the volumes should have a more even descent. Check out http://chartpatterns.com/ascendingtriangles.htm for more info. The target of the chart is .017c IMO I would not trade on this chart, as I think the pattern is a bit weak. My reading of the chart?? Obviously there has been a short term uptrend of late, and currently we are in a sideways channel (.012-.014 range) There is real long term resistance at .014c. It burst the bollinger bands on that spike on the 5th,but has settled back in but is trading way above the 20 day average, so its running pretty hot. Still, if the general market keeps trending up, we should get dragged along till some decent news arrives.
TSV Price at posting:
1.4¢ Sentiment: None Disclosure: Held
